In parallel to Oramed's main focus in developing an oral insulin capsule
for management of Type II diabetes the company is exploring an application of
its oral insulin capsule toward cases of uncontrolled Type I diabetics.
Unstable or labile diabetes is characterized by recurrent, unpredictable and
dramatic blood glucose swings often linked with irregular hyperglycemia and
sometimes serious hypoglycemia affecting Type I diabetes patients. This newly
completed exploratory study was a proof of concept study for defining a novel
indication for ORMD-0801. The encouraging results justify further clinical
development of ORMD-0801 capsule application toward management of
uncontrolled diabetes.

"This study marks an impressive milestone for Oramed," says Nadav Kidron,
CEO of Oramed Pharmaceuticals. "These results suggest a possible novel and
unique indication for our oral insulin product in the treatment of Type I
diabetes in addition to our main indication for Type II diabetes."

About Oramed Pharmaceuticals

Oramed Pharmaceuticals is a technology pioneer in the field of oral
delivery solutions for drugs and vaccines presently delivered via injection.
Oramed is seeking to revolutionize the treatment of diabetes through its
patented flagship product, an orally ingestible insulin capsule currently in
Phase 2 clinical trials. Established in 2006, Oramed's technology is based on
over 25 years of research performed by top research scientists at Jerusalem's
Hadassah Medical Center. The Company's corporate and R&D headquarters are
based in Jerusalem.

Some of the statements contained in this press release are
forward-looking statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward looking statements, including the risks
and uncertainties related to the progress, timing, cost, and results of
clinical trials and product development programs; difficulties or delays in
obtaining regulatory approval for our product candidates; competition from
other pharmaceutical or biotechnology companies; and the company's ability to
obtain additional funding required to conduct its research, development and
commercialization activities. Please refer to the company's filings with the
Securities and Exchange Commission for a comprehensive list of risk factors
that could cause actual results, performance or achievements of the company
to differ materially from those expressed or implied in such forward looking
statements. The company undertakes no obligation to update or revise any
forward-looking statements.

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